Free Trial

Expiries for Dec13 NY cut 1000ET (Source DTCC)


JPM 3NC2 on Tap


Oil Markets Stage Recovery


Tsy Support Evaporates

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
CHINA YUAN: USD/CNH extended losses after the PBoC fixed the USD/CNY mid-point
below expectations. The pair last trades at CNH7.0944, 84 pips lower on the day
and off lows.
- The fixing of China's Loan Prime Rate takes the spotlight today, with BBG
consensus calling for minor cuts in both the 1-Year and 5-Year rate. The numbers
will be published at the bottom of the hour.
- Negotiators from the U.S. and China hold talks in Washington to set the scene
for top-level meetings next month. White House advisers struck conflicting notes
on the current state of Sino-U.S. trade relations, as Larry Kudlow's optimism
diverged from Michael Pillsbury's combative remarks.
- The initial bearish target is provided by CNH7.0723, which represents the
23.6% retracement of the Mar-Sep rally and also the low of Sep 18. Below there
would create a chance to take out the 50-DMA, intersecting at CNH7.0394 and the
Sep 13 monthly low of CNH7.0312. Conversely, bulls need a break above CNH7.1064
to uphold yesterday's momentum and turn their focus to the Aug 6 peak at

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.